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Bankers called in to halt climate change in third world

ON a flight over the North Sea, Greg Barker sketched out an idea on a napkin.

The climate change minister was returning from a conference in Norway, where he had been frustrated at western governments’ inability to agree how to meet the target of putting $100 billion (£64 billion) a year into developing countries by 2030 to help them prevent climate change.

Two years on, the Department of Energy and Climate Change (Decc) is ready to launch an investment club that will try to fill some of the gap by tapping private sector funds.